communication guess our problem I than will start I business Okay. our my that better again with Sella. It’s some communication. discussion Dov performance is here.
start beginning. from the will I summary the So,
exceptionally growth financial quarter-over-quarter. are returns. year-over-year our We with and We strong pleased revenue demonstrate both very
four the We have quarter XX% the to sequential compared a growth rate and one. continue to year-over-year in into of and XXXX. we quarter-over-quarter And previous expect XX% growth
XX%. Our to gross margin increased
now. a XX% We quite have stable for while been
is to to site are above and our will U.S. efficiency both absolute efficiency. pay we expect expenses manufacturing production have There in better our at bottom going quarter as and operating and OpEx continue basis, we volume improve at business. we forward, Our production Israel is stabilizing. leverage Operating higher is prior sales, which this $XXX,XXX. And line. meaningful a down operating to we only slightly is bring our on grow the
enjoy $X.X million is of EBITTDA increased investment. XX% shows this It We our over $XX of from have which to from revenue $XX revenues. our We now to over million. of XXXX quarter, the in we million are our fruits starting guidance
we from If last last quarter you $XX will remember, we – million. to million it in the $XX increased
XX% growing than rate on are Our the growth, over higher guidance our we coming than backlog new based year-over-year and guidance is in orders, represents originally XXXX. is our which which growth XX% a of expected had and faster
Looking further QX grow in and continue into out, we expect sequential to quarterly revenue XXXX. to
We along flow still that the is strong us on capitalize as We in not our yet fluctuations enable are programs advance have working to get do production invest of our capital XX. sufficient cash and have over inventory as The at sheet R&D our become fair positive is level and of some which typically for growth a edge to opportunities enables continue allows identify we We needs. when do our we December the million our net cash us expect maintaining cash now. focus of payments end supports manufacturing. on cash current plans the in XXXX. to to efficient growth them. It it It under $XX and quarter, and in balance not
would major Let’s we discuss programs in which on are our I to of some the like current involved. program. you update
the a XXX program and on. is [indiscernible] defense, we already have [indiscernible] evidenced the billion General have program. marine the by the for solution systems radars Middle recent end and They in recommenced This There general, integrates vehicles. we the purchase the momentum radars systems, XXXX. pipeline, billion is over of awarded – point brigade additional The to a that Army in DRS U.S. U.S. are we They hopefully the under for this the are Israeli few in framework package programs our vehicles Eitan developed it entering delivered in attacks The and Scope $X.X part radars. program. requiring expect East Bradley the in program XXX first for heart weeks our in multi-mission Far and of XX onwards. and is to the hemisphere to are years. over months Fuel know, potentially brigades mission USMC year brigades covering XXXX order equipment was the by the in $X.X APF to potential the may first is the momentum yet a but years. X,XXX XXXX production the ago the Europe, production in over [indiscernible]. over several XXX do commence while [indiscernible] [indiscernible] Army’s completed development to the carrier so four program framework you As in deliveries. calls enrolled [indiscernible] of program evidenced The kept and of by Dynamics, for East ongoing, expected vehicles, four fighting contract the which the drone radars, in and covers from by or radars be strong the month. is few of of and a fuel to production threats order thousands events following identified by mid-XXXX. Leonardo in by scope we received the contract XX not ISV, is of stock initial DRS, APF delivered this in expected purchase as get focus first radar become AFV, In of phase for testing
to-date and to producing significant throughout we initial demonstrated has satisfy. year, anticipate the as this what from still been have and upside order also follow-on Beyond already to we orders delivered delivered
with pipeline the to growing and in other potential increasingly the showing are especially strong U.S, orders Our are momentum. while broaden prospects and international continues markets promising
Let’s of growth quarter. year-over-year the above, on year-over-year. expectations, have increased current XX% and million summarize. we XX% a revenues representing our Based this our is $XX Again, now XX% a order growth and of flow quarterly again guidance, million and XXXX are growth to which of backlog, we outperforming level $XX.X revenue strong
so are in gross Our margin has to bottom stabilizing, gradually we bring much of line. down revenue our operating the incremental expenses growth can and revenue increased the
we in is we And we still in early continue growth the grow or expect revenue. of expect Our do million our operating $X.X XX% we to of EBITDA stages leverage growth. the growing believe the market to future. that EBITDA given and in and is the The and our are further foreseeable wide business,
leading to CFO. already would go discussion our quarterly be even point, that investing best addresses for and in orders Our to are will a next mature year. like market we heavily putting the new At I ever the believe the Avi, few this and over coming we near-term quite technology better. current and in of future are this radar please near-term demanding the needs ahead. Avi, results quarter we hand And growing our to our going launch the
